SRINAGAR: The Jammu and Kashmir government has rolled out a revised accounting framework for Grant-in-Aid expenditure to bring greater uniformity and strengthen financial discipline from the 2026–27 financial year.
As per a circular issued by the Finance Department, Grant-in-Aid spending will no longer be recorded under a single head. Instead, it will be categorised under three separate heads: GIA (General), GIA (Creation of Capital Assets) and GIA (Salary).
The decision follows recommendations of the Principal Accountant General (A and E) and the Comptroller and Auditor General of India, and is aimed at aligning the Union Territory’s accounting system with that of the Union Government as well as other States and Union Territories. This, officials said, would improve transparency and enable more accurate comparisons of government expenditure.
In this regard, all Administrative Departments have been instructed to submit component-wise details of funds already projected under the existing Grant-in-Aid head on the BEAMS portal, to ensure appropriate budgetary allocations under the new heads in the Budget Estimates for 2026–27.
